- *taxation system in which *tax rates decrease with higher levels of taxable income. Contrast *progressive tax. 2. A *taxation system which is considered to favor the wealthy and cause hardship to poorer individuals. For example, a taxation regime that derives a large proportion of its revenues from *sales taxes may be described as regressive, in that the burden of sales taxes falls most heavily on poorer individuals.
Auditor's dictionary. 2014.
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regressive tax — UK US noun [countable] [singular regressive tax plural regressive taxes] a tax system in which poor people pay a bigger percentage of their income than rich people Thesaurus: types of tax and taxationhyponym … Useful english dictionary
regressive tax — A tax with a rate that decreases as the taxpayer s income increases. Dictionary from West s Encyclopedia of American Law. 2005. regressive tax A tax with a rate that decreases as the taxpayer s income i … Law dictionary
Regressive tax — A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. [ [http://www.merriam webster.com/dictionary/Regressive Webster] (3): decreasing in rate as the base increases (a… … Wikipedia
regressive tax — A tax system that provides that average tax rates decrease with increases in individuals income brackets. Bloomberg Financial Dictionary * * * regressive tax regressive tax ➔ tax1 * * * regressive tax UK US noun [C] TAX ► a tax in which poor… … Financial and business terms
Regressive Tax — A tax that takes a larger percentage from low income people than from high income people. A regressive tax is generally a tax that is applied uniformly. This means that it hits lower income individuals harder. Some examples include gas tax and… … Investment dictionary
regressive tax — UK / US noun [countable] Word forms regressive tax : singular regressive tax plural regressive taxes a tax system in which poor people pay a bigger percentage of their income than rich people … English dictionary
regressive tax — Tax levied at a rate that decreases as its base increases. Regressivity is considered undesirable because poorer people pay a greater percentage of their income in tax than wealthier people. Consumption taxes and sales taxes are usually… … Universalium
regressive tax — A tax in which the rate of tax decreases as income increases. Indirect taxes fall into this category. Regressive taxes are said to fall more heavily on the poor than on the rich; for example, the poor spend a higher proportion of their incomes on … Big dictionary of business and management
regressive tax — Fin a tax whose percentage falls as the value of the item being taxed, especially income, rises. U.S. social security taxes are regressive. See also progressive tax, proportional tax … The ultimate business dictionary
regressive tax — re gressive .tax n a tax that has less effect on the rich than on the poor … Dictionary of contemporary English